Please ensure Javascript is enabled for purposes of website accessibility

    BNY Mellon Pennsylvania Intermediate Municipal Bond Fund

    Why invest in this Fund?

    The fund seeks as high a level of income exempt from federal and Pennsylvania state income taxes as is consistent with the preservation of capital.

    To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds, the interest from which is exempt from federal and Pennsylvania state personal income taxes. The fund also may invest in municipal bonds that are exempt from federal income taxes, but not Pennsylvania personal income taxes, and in taxable bonds.

    The fund's investments in municipal and taxable bonds must be of investment grade (i.e. Baa/BBB or higher) quality at the time of purchase or, if unrated, deemed of comparable quality by the investment adviser. Generally, the fund?s average effective portfolio maturity will be between three and ten years and the average effective duration of the fund?s portfolio will not exceed eight years. The fund may invest in individual municipal and taxable bonds of any maturity or duration.

    In calculating average effective portfolio maturity and average effective portfolio duration, the fund may treat a security that can be repurchased by its issuer on an earlier date (known as a "call date") as maturing on the call date rather than on its stated maturity date.
    Class Inception Date
    07/11/01
    Fund Assets
    $95,427,877  As of  06/18/24
    Class Assets
    $4,164,841  As of  06/18/24
    Portfolio Turnover Rate
    109.86% As of fiscal year end  08/31/23
    Morningstar Category
    Municipal Pennsylvania
    Benchmark
    S&P Municipal Bond Investment Grade Intermediate Index
    Fund Holdings
    106 As of 05/31/24
    AVERAGE EFFECTIVE MATURITY
    9.96 yr(s).  As of  05/31/24

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 06/18/24
    ANNUALIZED
    DISTRIBUTION RATE
    as of 05/31/24
    PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 12/29/23
    Subsidized Unsubsidized Net Gross Contractual
    Fee Waiver End Date
    2.82 2.61 2.23 0.84 1.04 12/29/24

    Portfolio Managers

    • Mary Collette  O'Brien

      Mary Collette O'Brien

      Managing Director , The Bank of New York Mellon

      Managing Fund Since 2000

    • Gregory J.  Conant

      Gregory J. Conant

      Portfolio Manager,

      Managing Fund Since 2015


    Total Returns

    Average Annual
    As of 05/31/24
    Name 3 MO
    05/31/24
    YTD
    05/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Pennsylvania Intermediate Municipal Bond Fund
    MIPAX
    -1.70 -1.86 1.84 -1.51 0.49 1.47 2.67
    S&P Municipal Bond Investment Grade Intermediate Index
    -1.99 -2.23 1.80 -1.10 0.88 2.02 -
    Average Annual
    As of 03/31/24
    Name 3 MO
    03/31/24
    YTD
    03/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Pennsylvania Intermediate Municipal Bond Fund
    MIPAX
    -0.25 -0.25 2.60 -0.60 1.14 1.81 2.76
    S&P Municipal Bond Investment Grade Intermediate Index
    -0.34 -0.34 2.39 -0.16 1.58 2.43 -

    The performance data quotes represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor’s shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Click above for month-end returns.

    The S&P Municipal Bond Investment Grade Intermediate Index consists of bonds in the S&P Municipal Bond Index that are rated at least BBB- by Standard & Poor's, Baa3 by Moody's or BBB- by Fitch Ratings. All bonds must also have a minimum maturity of 3 years and a maximum maturity of up to, but not including, 15 years as measured from the rebalancing date. Investors cannot invest directly in any index.

    Growth of $10,000 Investment

    Historical Performance

      Yield fluctuates and past performance is no guarantee of future results.

      Monthly yield history is the annualized distribution rate that is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

      Investment return fluctuates and past performance is no guarantee of future results.


      Prospectus Fee Table Expense Ratios

      As of  12/29/23 Fee Description Expense Ratio (%)
      Management Fee 0.50%
      Service Fee 0.25%
      Administration Fee 0.14%
      Other Expenses 0.15%
      Total Expenses 1.04%
      Expenses Reimbursed 0.20%
      Net Expenses 0.84%
      The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until December 29, 2024, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of neither class of fund shares (excluding shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .59%. On or after December 29, 2024, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

      Portfolio Manager/Sub-Investment Adviser

      The investment adviser for the fund is BNY Mellon Fund Advisers, a division of BNY Mellon Investment Adviser, Inc. Mary Collette O'Brien and Gregory J. Conant are the fund's primary portfolio managers. Ms. O'Brien has held that position since the fund's inception in October 2000. Mr. Conant has held that position since September 2015. Ms. O'Brien and Mr. Conant are managing director and vice president, respectively, of BNY Mellon Wealth Management. Ms. O'Brien and Mr. Conant manage the fund as employees of BNY Mellon Investment Adviser, Inc.

      Asset Allocation


          Daily Statistics

          As of 06/18/24 Name NAV Change 01/02/24  12 Month 
          High Nav
          10/30/23  12 Month 
          Low Nav
          YTD Return
          MIPAX
          $11.47
          $0.01
          0.09%
          $11.62 $10.88 -0.29%

          Main Risks

          The fund is subject generally to interest rate, credit, liquidity, call, and market risks, to varying degrees, all of which are more fully described in the fund's prospectus.
          Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
          Investing primarily in a single state may make the fund's portfolio securities more sensitive to risks specific to the state.
          Please refer to the prospectus for a more complete discussion of the fund's main risks.

          Risk Metrics

          As of  05/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          MIPAX
          6.05 -1.14 0.81 99.10 -0.77

          All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Municipal Bond Index.



          Dividend Schedule

          Declared
          Daily
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Aug 31

          Annualized distribution rate is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

          Month/Year Dividend ($)
          05/2024 0.022776582
          04/2024 0.020693812
          03/2024 0.021141555
          02/2024 0.019735155
          01/2024 0.020367551
          12/2023 0.021780553
          11/2023 0.020177155
          10/2023 0.021733959
          09/2023 0.019132091
          08/2023 0.020472336
          07/2023 0.020095001
          06/2023 0.019564379

          All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.

          Distributions History

          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          12/22/21 12/23/21 12/23/21 0.0000 0.0000 0.0209 0.0000 0.0858 0.1067
          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          12/22/20 12/23/20 12/23/20 0.0000 0.0000 0.0053 0.0000 0.0738 0.0791
          12/26/19 12/27/19 12/27/19 0.0000 0.0000 0.0059 0.0000 0.0172 0.0231
          12/27/17 12/28/17 12/28/17 0.0000 0.0000 0.0000 0.0000 0.0210 0.0210
          12/28/16 12/29/16 12/29/16 0.0000 0.0000 0.0137 0.0000 0.1826 0.1963
          12/22/15 12/23/15 12/23/15 0.0000 0.0000 0.0062 0.0000 0.0323 0.0385
          12/18/13 12/19/13 12/19/13 0.0000 0.0000 0.0000 0.0000 0.1121 0.1121
          12/12/12 12/13/12 12/13/12 0.0000 0.0000 0.0058 0.0000 0.0839 0.0897
          12/09/09 12/10/09 12/10/09 0.0000 0.0000 0.0028 0.0000 0.0000 0.0028
          12/10/08 12/11/08 12/11/08 0.0000 0.0000 0.0055 0.0000 0.0353 0.0408
          12/12/07 12/13/07 12/13/07 0.0000 0.0000 0.0044 0.0000 0.0162 0.0206
          12/14/06 12/15/06 12/15/06 0.0000 0.0000 0.0038 0.0000 0.0231 0.0269
          12/15/05 12/16/05 12/16/05 0.0000 0.0000 0.0152 0.0000 0.0622 0.0774
          12/08/04 12/09/04 12/09/04 0.0000 0.0000 0.0005 0.0000 0.0829 0.0834
          12/04/03 12/05/03 12/05/03 0.0000 0.0000 0.0000 0.0000 0.0320 0.0320
          12/06/01 12/07/01 12/07/01 0.0000 0.0000 0.0278 0.0000 0.0000 0.1179
          See all rows...

          Literature

          Factsheet, Prospectus and Reports

          • Download
          • Share
          • Subscribe
          • Order
          Factsheet Download
          Prospectus Download
          SAI Download
          Annual Report Download
          Semi Annual Report Download
          1Q Fiscal Holdings Download
          3Q Fiscal Holdings Download